MTRX vs. TCAI

Last updated Jun 23, 2026

MTRX (Matrix Service Company) is a stock, while TCAI (Tortoise AI Infrastructure ETF) is Technology Equities fund actively managed by Tortoise. At a 0.44 correlation, their price movements are largely independent.

Performance

MTRX vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matrix Service Company (MTRX) and Tortoise AI Infrastructure ETF (TCAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MTRX achieves a 19.23% return, which is significantly lower than TCAI's 96.33% return.

MTRX

• 1D: -0.21%
• 1M: 9.58%
• YTD: 19.23%
• 6M: 17.92%
• 1Y: 9.67%
• 3Y*: 35.88%
• 5Y*: 6.23%
• 10Y*: -1.22%

TCAI

• 1D: 2.42%
• 1M: 16.16%
• YTD: 96.33%
• 6M: 93.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MTRX vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
MTRX Matrix Service Company	19.23%	-18.47%
TCAI Tortoise AI Infrastructure ETF	96.33%	17.27%

Correlation

The correlation between MTRX and TCAI is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.44

Return for Risk

MTRX vs. TCAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MTRX

MTRX Risk / Return Rank: 48
MTRX Sharpe Ratio Rank: 50
MTRX Sortino Ratio Rank: 45
MTRX Omega Ratio Rank: 48
MTRX Calmar Ratio Rank: 49
MTRX Martin Ratio Rank: 48

TCAI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MTRX vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matrix Service Company (MTRX) and Tortoise AI Infrastructure ETF (TCAI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MTRX	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	0.20	—	—
Sortino ratio: Return per unit of downside risk	0.55	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.27	—	—
Martin ratio: Return relative to average drawdown	0.49	—	—

Drawdowns

MTRX vs. TCAI - Drawdown Comparison

The maximum MTRX drawdown since its inception was -90.70%, which is greater than TCAI's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for MTRX and TCAI.

Drawdown Indicators

	MTRX	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-90.70%	-15.80%	-74.90%
Max Drawdown (1Y) Largest decline over 1 year	-36.03%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-36.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-70.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-86.56%	—	—
Current Drawdown Current decline from peak	-62.51%	0.00%	-62.51%
Average Drawdown Average peak-to-trough decline	-59.99%	-3.53%	-56.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.91%	—	—

Volatility

Volatility by Period

	MTRX	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.72%	37.24%	+10.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.02%	37.24%	+16.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.32%	37.24%	+18.08%

Dividends

MTRX vs. TCAI - Dividend Comparison

MTRX has not paid dividends to shareholders, while TCAI's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025
MTRX Matrix Service Company	0.00%	0.00%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%

Frequently Asked Questions

Can I hold both MTRX and TCAI in my portfolio?

MTRX and TCAI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.